1316 Lafayette Blvd

    Lincoln Park, MI 48146
    • $83,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: R218120288
    Price Reduced
    $83,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,924
      SQFT
    • $43
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    REDUCED !! Unbelievable investment potential in this property. Currently 3 units, with the potential future 4th unit in the basement level. Brick structure on block foundation resting on a double lot. Two bedroom lower unit with older-renovated kitchen, vinyl windows, and replacement sewer to main in 2008. Upper units are each 1 bedroom. Older and dated, one of which is currently rented while the other needs work to transform to rent-ready. The basement houses a single large furnace and hot water tank. Kitchen and bathroom in the basement, however, also needs work to make rent-ready. Live in one, rent out the rest. There is potential for over $2,500 monthly income once fully occupied and updated. Priced to sell. Cash buyer is purchasing as-is and assumes all city-required exterior repair work.

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    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2019-02-21T00:11:15.14.
    www.homesearchannarbor.com/homes/90386751

    1316 Lafayette Blvd Lincoln Park, MI 48146

    • Price: $83,000
    • Status: Active
    • MLS #: R218120288
    0
    Beds
    3
    Baths
    0
    ½ Baths
    0.19
    Acres
    1,924
    SQFT
    $43
    $/SQFT
    1930
    Built
    Neighborhood:
    Bal Of Wayne Co
    County:
    Wayne
    Area:
    Bal Of Wayne Co
    School District:
    Lincoln Park
    Property Description
    REDUCED !! Unbelievable investment potential in this property. Currently 3 units, with the potential future 4th unit in the basement level. Brick structure on block foundation resting on a double lot. Two bedroom lower unit with older-renovated kitchen, vinyl windows, and replacement sewer to main in 2008. Upper units are each 1 bedroom. Older and dated, one of which is currently rented while the other needs work to transform to rent-ready. The basement houses a single large furnace and hot water tank. Kitchen and bathroom in the basement, however, also needs work to make rent-ready. Live in one, rent out the rest. There is potential for over $2,500 monthly income once fully occupied and updated. Priced to sell. Cash buyer is purchasing as-is and assumes all city-required exterior repair work.
    Exterior Features

    Lot Dimensions 76.00X108.20 Parking Spaces 0

    Interior Features

    Basement Yes Basement Type Partially Finished Num Efficiencies 0 Num One Bed Units 0 Num Three Bed Units 0 Num Two Bed Units 0 Sq Ft Finished Above Grade 1924 Sq Ft Finished Below Grade 0 Sq Ft Total Finished 1924 Total Bedrooms 0

    Property Features

    Agreement Type Exclusive Rt To Sell Annual Rental Income Realcomp Annual Rental Income1 24336.00 Certified Year 0 City Or Township City Exp From Tax Return 0.00 Legal Description Ce2425 Lots 24Also Lot 25 And Nly 30 Ft Of Ely 1/2 Adj Vac Alley Pennsylvania Gardens Sub Pc 50 L48 P12 Wcr Misc Expenses 0.00 Ownership Private Owned Projected Or Actual Projected State Eq Value 0 State Eq Value Year 0 Summer Taxes 0.00 Summer Taxes Year 0 Tax Value 0 Tax Value Year 0 Tax Year 0 Taxes 2022.00 Winter Taxes 0.00 Winter Taxes Year 0 Zoning Multi-Family

    Listing provided courtesy of Re/Max Innovation.


    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2019-02-21T00:11:15.14.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104